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I don't know if you've seen it already but Stiglitz has stated in a rather interesting interview three days ago that:

...the fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism -- it tells the world that this way of economic organization turns out not to be sustainable. In the end, everyone says, that model doesn't work. This moment is a marker that the claims of financial market liberalization were bogus.


The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Fri Sep 19th, 2008 at 08:39:50 AM EST
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